Sky Quarry shares jump 16.18% intraday after completing high-impact Foreland Refinery upgrades, boosting operational readiness in tightening regional fuel markets.

Sky Quarry Inc. surged 16.18% intraday after announcing the completion of high-impact operational upgrades at its Foreland Refinery, the only permitted refinery in Nevada with 5,000 barrels-per-day capacity. The upgrades, including boiler system enhancements, condenser replacements, and piping repairs, improved reliability, uptime, and readiness to serve constrained western fuel markets. The refinery, critical to Nevada’s mining and lithium production sectors, now positions the company to capitalize on tightening regional supply dynamics, particularly as California’s Benicia refinery shuts down in April 2026. With an estimated $70 million replacement value, the asset’s strategic relevance and cash-flow potential were highlighted, aligning with the stock’s sharp intraday rally.